Westminster City Council

Westminster Council wants to create a net zero city by 2040 by backing green projects across their community.

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About Westminster Green Investment

Westminster City Council is committed to tackling climate change and aims to become a net zero city by 2040. After declaring a climate emergency in 2019, the council has already taken significant steps to cut its own emissions and is now helping residents and local businesses make a positive impact in their neighbourhoods, reducing carbon footprints and improving the local environment.

Westminster has some of the highest carbon emissions in the country. To reach its goal of becoming a net zero council by 2030, Westminster needs to find ways to reduce city-wide emissions by 91,000 tonnes a year. To make this possible, Westminster Green Investment was launched to help fund projects that will create a cleaner, greener and fairer Westminster for everyone.

How the council has used the money raised

The money raised has been used to fund projects in community facing locations such as the Seymour, Marshall, and Porchester Leisure Centres, and the Tresham Day Centre. They have included energy efficiency measures such as draught proofing, pool covers, pipework insulation and LED lighting. There has also been investment into building energy management systems, cooling and air conditioning improvements, and green energy technology such as solar PV, battery storage and heat pumps. The second round of investment is being used to fund energy efficiency upgrades at the Seymour Leisure Centre.

Westminster City Council
Amount spent
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Projects financed
0
Investments
0

Taking action on climate change across the community

Westminster has some of the highest carbon emissions and worst air pollution in the UK. In response, the council have set an emissions target for the city to reach net zero by 2040. The updated Climate Emergency Action Plan sets out comprehensive actions for reducing carbon emissions across the city, working in partnership with businesses, communities and residents - acknowledging the deeply interconnected social causes, impacts and solutions to environmental action. This holistic approach ensures their response is not only environmentally beneficial but socially just and inclusive.

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Westminster has been investing to cut the impact of leisure centres and other community facilities

Investment

Key terms

Together with the Loan Conditions (available below), the Key Terms form the legal agreement that defines the terms of your investment.

Borrower

Westminster City Council

Use of funds

The money raised has been used to fund projects in community facing locations such as the Seymour, Marshall, and Porchester Leisure Centres, and the Tresham Day Centre. They have included energy efficiency measures such as draught proofing, pool covers, pipework insulation and LED lighting. There has also been investment into building energy management systems, cooling and air conditioning improvements, and green energy technology such as solar PV, battery storage and heat pumps. The second round of investment is being used to fund energy efficiency upgrades at the Seymour Leisure Centre.

Interest rate

-

Term period

-

Minimum investment

£5.00

Offer close date

-

Capital repayment

Original investment repaid on maturity date